Superdry has changed the terms of its asset-back facility to tide it over until the sale of its APAC business completes.
The fashion group currently has up to an £80mln facility with lender Bantry Bay, but it has agreed to increase the amount available.
Borrowing levels are determined by Superdry’s asset base, which is currently reduced due to a seasonal low in the working capital cycle and a weaker performance in Wholesale.
As of the close of business 24 April, net debt was around £26mln.
Shares dropped 1% to 64p.